Market Research Blog – Page 15533 – New Product Development

Tea-based Skin Care Products Market Revenue Growth Predicted by 2027

The demand for plant based ingredients in the skin care industry is gaining attraction over the last few years. This is due to increase in consumer awareness for natural personal care products and the desire of manufacturers to replace conventional ingredients with natural variants. Therefore, with increasing demand for natural cosmetics due to their long-term health benefits, the green tea-based skin care products are growing attaining popularity over the forecast period.

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Tea is produce from the Camellia sinensis plant- a small evergreen shrub native to East Asia region. Green tea has various essential elements such as polyphenols, tannins, protein, minerals, amino acids, carbohydrates, and others. Using green tea as an ingredient in skin care products provide various health benefits such as potent free radical scavengers, strong antioxidant herbs, acne management, dermatological benefits, and many more. Projected to rise at a CAGR of ~8.9% between 2019 and 2027, Future Market Insights foresees stable growth for the market.

Some of the key players operating in the tea-based skin care products market are Laboratories du Palais Royal, AmorePacific Corporation, Organic Tea Cosmetics Holdings Co Ltd., Avon Products, Inc., L’Oréal S.A., Natura & Co., Unilever, Purity Cosmetics Inc., Schmidt’s Naturals, ArtNaturals, SkinYoga, The VLCC Group, ARTDECO cosmetic GmbH, Burt’s Bees, Inc., Korres Natural Products Company, Kendo Holdings Inc., Dr. Bronner’s, Avalon Natural Products, Inc., Elizabeth Arden, Inc., BCL SPA, and others.

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“Prominent players in the global tea-based skin care market can gain significant profits by introducing novel tea-compounds into their beauty care offering. Companies can also shifting their focus towards sustainable raw materials and replacing synthetic chemicals with natural ingredients.” says an FMI analyst.

The rapidly growing trend of beauty supplements to enhance the radiance, smoothness of the skin, and reduce problems related to aging. Therefore, to boost the overall appearance consumers are including such products into their daily routine. Manufactures are also improving their formulas to introduce novel beauty supplements. The tea is one of the excellent beauty improving ingredient used in supplements and skin care products which has a positive impact on the market. Consuming tea-based supplements in right amount provides various beauty benefits such as healing properties, skin disorder treatment, improving metabolism, and many more.

The global tea-based skin care products market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type
Creams & Lotions
Serums
Face Packs/Masks
Cleansers
Other Skincare Products

Tea Type
Black Tea
Green Tea
Others

Skin Type
Dry
Combination
Normal
Sensitive
Oily

Sales Channel
Direct Selling
Specialty Outlets

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Key Takeaways from the Tea-based Skin Care Products Market Study
According to the report, various prominent players are rapidly expanding their market footprint through various strategic partnership with major regional distributors and players. This is also intended to expand their product portfolio by adding new naturally derived skin care products. Currently key players are significantly investing in research and development activities to boost manufacturing capabilities and to have a competitive edge among their competitors.

Companies are incorporating green tea in their skin care products in extract form. Additionally, they are developing their own green tea extracts to ensure high quality, purity, concentration, and others.

Mr. Debashish Roy
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Deodorant Stick Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

Companies are now offering products without aluminum, alcohol, parabens, and synthetic fragrances in response to the increasing consumer awareness of skin damage and side effects caused by using conventional deodorants & antiperspirants. These new products offer additional benefits such as nourishment, conditioning, and smoothening of the skin.

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Such alcohol-free antiperspirants are highly in demand across the globe is creating a significant CAGR of 8.9% in the market over the forecast period. Moreover, over the last few years, there has been an increasing trend of including natural ingredients such as sweet jasmine, eucalyptus, Shea butter, coconut oil, and other natural ingredients in deodorant stick is also driving the demand for global deodorant stick across the globe.

“Prominent players in the global deodorant stick market are seeking for various natural and ecolabel certifications such as USDA Organic certification, vegan and cruelty free certification, non-GMO, Ecocert certification, and Green Seal certification to have a competitive edge in the market” says an FMI analyst.

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Who is winning?

Some of the key players operating in the deodorant stick market are The Estée Lauder Companies Inc., Unilever PLC, L’Oréal S.A., Procter & Gamble, Beiersdorf AG, Colgate-Palmolive Company, Mandom Corporation, Lion Corporation, The Body Shop International Ltd., Knowlton Development Corporation, and others.

Several prominent market players are significantly introducing new products in the market to expand their product portfolio, market footprint, and enter into luxury business segment. Besides this, mergers and acquisitions often allows them to gain competitive advantage.

In 2019, Lamazuna introduced a solid deodorant in an outer board box without other packaging/casing in an effort to be more eco-friendly. The product is also handmade, vegan, free from aluminum salt, and contains organic palmarosa essential oil.
In 2017, Unilever introduced a personal care brand ‘Love Beauty and Planet’ in the U.S. This brand primarily offers deodorant sticks, shampoos, conditioners, and body washes with natural ingredients. The company claims that these products are free from harmful ingredients such as parabens. Additionally, the bottles used for packaging are 100% recycled plastic and are 100% recyclable.

The global deodorant stick market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

With-Alcohol
Alcohol-Free

Packaging Material

Glass
Metal
Plastic

Sales Channel

Store Based Retailing
Online Retailing

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Key Takeaways from the Deodorant Stick Market Study

According to the report, manufacturers are strengthening their partnership in the high growth region and expanding their products offerings across the market. The companies’ focuses on building better and more influential advertisements for the deodorant stick products such as exclusive and clear information on package to attract more consumers, today the consumers are looking for more information on what they are applying. Hence, a package with information on particulars of the ingredients and benefits are highly preferred by the buyers.
The companies are investing in innovation and development by offering products with better ingredients. They have started new product ranges such as vegan, free from aluminum salt, skin-friendly, alcohol-free, and many more.
The Europe region is expected to retain its dominant position in the global deodorant stick market, due to high cosmetics and personal care demand and frequently use of deodorants as a daily grooming routine among male population in the region.
Among product type, the alcohol-free segment is anticipated to show a relatively higher CAGR in the global deodorant stick market in the near future, as it reduces the formulation of sweat and offer long-lasting protection coupled with rapidly growing adoption of alcohol-free deodorants among customers with sensitive skin.

Growing consumer’s interest towards daily grooming products, especially among the urban population in emerging nations, is anticipated to propel demand for deodorant stick in the foreseeable future. Majority of the people in urban areas use deodorants as a part of their daily grooming routines. Exposure to newer products as a result of peer association, and higher product visibility in urban areas are some factors expected to further drive demand for personal grooming products. Majority of the population in the BRIC region currently resides in urban areas. The urban population in BRIC is around 85%, 74%, 32%, and 54% in Brazil, Russia, India, and China respectively.

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Adult Diapers Market Set for a Massive Hit in and Post 2021, with Corona Virus Outbreak Projected to Threaten Global Market

The global adult diapers market size is expected to reach ~US$ 24,512.1 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~7.1% between 2019 and 2029. According to the report, the geriatric population is growing at a significant rate across the globe coupled with rise in prevalence of incontinence in general population boost demand for adult diapers across the globe. The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the adult diapers market. Some of these are:

The estimated value of the adult diapers market was at ~US$ 12,354.0 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, North America dominates the adult diapers market globally owing to high consumer awareness and adoption of personal hygiene products among adults in the region.
East Asia emerges as one of key markets owing to rising affluence of working women and increasing demand of personal hygiene products for women at school, work places, and public settings in the region
Growth of e-retailers sales channel is expected to boost the sales of adult diapers over the forecast period.
Prominent players are expected to introduce an eco-friendly adult diapers with innovative designs, features, and materials to have a competitive edge in the market.

Rise in Demand for Reusable or Cloth Diapers to Manage Incontinence Problem

Based on the product type, the reusable adult diapers segment creates a significant growth in the global adult diapers market. Consumers in the market are considerably demanding for environmental-friendly diapers to reduce landfills coupled with various advantages associated with reusable diapers such as reduces diaper rash symptoms, comfortable, and use of less harmful chemicals are some of the factors expected to exhibit a significant growth in the global adult diapers market during the forecast period. Furthermore, affordability of reusable adult diapers as compared to disposable diapers propel the global adult diapers market for further growth. Increasing use of cloth diapers among aging population who are suffering from incontinence and related problems is another factor influencing the growth of the global adult diapers market in the near future.

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The global adult diapers market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

Reusable Diapers
Disposable Diapers

Style

Pants/Pull-Up Style
Pad Style
Flat Style
Others

Material Type

Cotton
Non-Woven Fabric
Micro Fabric
Fluff Pulp
Others

Size

Small
Medium
Large

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Who is Winning?

Some of the leading players operating in the adult diapers market are The Procter & Gamble Company, Ontex Group, Daio Paper Corporation, Unicharm Corporation, Kimberly-Clark Corporation, Medline Industries Inc., Hengan International Group Co. Limited, First Quality Enterprises, Inc., Nippon Paper Industries Co., Ltd., Essity AB, Covidien Company, DSG International Ltd., Kao Corporation, Svenska Cellulosa AB, Enka Hijyen, NorthShore Care Supply, and others. These manufacturers are developing novel products with natural material to meet growing consumer requirements as well as expand their product portfolio. Moreover, strategic partnership with local distributor, mergers and acquisition, and enter into digital platform remains a popular strategy among the market players. Companies intend to expand their regional footprint through strategic collaborations.

In 2019, NorthShore Care Supply introduced a new direct-to-customer website ‘NorthShore.com’ enable customers to shop for incontinence products such as adult diapers through online sales channel. The website is featured with intuitive product recommendations based on consumer’s preferences.
In 2018, Enka Hijyen- Turkey based baby diaper manufacturer, now entered into adult diaper business segment by introduced a novel adult diapers under Paddlers brand. This Paddlers adult diaper will people suffering from moderate to severe incontinence problem.

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Cosmeceutical Ingredients Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2027

The importance of beautification to the mankind is considered as the primary driver for the growth of cosmeceutical ingredients market across the globe. Cosmeceutical products reduces the gap between cosmetics that simply cleanse & enhance the appearance and pharmaceuticals that cure and heal. Growing product awareness among consumers have propelled the demand for skin & hair beneficial products in the market which in result drives the necessity of cosmeceutical ingredients. The cosmeceutical ingredients market is dominated by synthetic cosmeceutical ingredients however the natural cosmeceutical ingredients market is expected to expand at higher CAGR (10.8%) as compared to synthetic during the forecast. Rising concern of side effects of synthetic ingredient products have shifted the consumer’s attention towards natural ingredient products which will accelerate the natural cosmeceutical ingredients market. The global cosmeceutical ingredients market will surpass ~US$ 12 Bn in terms of value in 2027 with a CAGR of ~9% during the forecast.

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Key Takeaways from the Cosmeceutical Ingredients Market Study

According to the report, the global cosmeceutical ingredients market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of cosmeceutical ingredients. L’Oréal, a European cosmetic manufacturer, uses hyaluronic acid which is an active ingredient used in products such as anti-ageing creams.
FMI identifies North America as the largest market for cosmeceutical ingredients in 2019, followed by Europe, attributable to higher demand from cosmetic products such as skincare and haircare. The awareness level is also high of North American consumers as compared to other region. Growing demand for cosmetic products, rising product awareness and increasing popularity of J-Beauty and K-Beauty are the factors will drive the East Asia market forward and is expected to expand at highest CAGR during the forecast.
Growing product awareness, changing lifestyle and rapid urbanization fuel the demand for cosmeceutical products which has resulted to an increasing demand for cosmeceutical ingredients among cosmetic manufacturers.
Skincare segment in cosmeceutical products are the most demanded product among consumers which further increases the demand for cosmeceutical ingredients among cosmetic manufacturers.

“Key players are anticipated to focus on advanced formulation which will add value to their product portfolio. New innovation in formulation is the key to future cosmeceutical ingredients market. Skincare remains the target segment in cosmeceutical ingredients market however special attention can be given to anti-ageing and skin brightening category. Growing consumer’s interest for natural and green cosmeceutical products and advancement in nanotechnology will open up opportunities for cosmeceutical ingredient manufacturers” says an FMI analyst.

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The cosmeceutical ingredients market has increased on account of increasing consumers concerns regarding the negative effects of using synthetic ingredient cosmeceutical products. In addition to this, growing trend of natural products have a positive impact on cosmeceutical products market which further drives the demand for cosmeceutical ingredients among manufacturers.

Who is winning?

Some of the key players operating in the cosmeceutical ingredients market are Eastman Chemical Company, BASF SE, SEPPIC, Solvay S.A., The Dow Chemical Company, Lonza Group AG, The Lubrizol Corporation, Ashland Incorporated, Croda International plc, Robertet, Allergan Incorporated, COBIOSA, Select Botanical, NEXIRA and others.

Several leading cosmeceutical ingredients manufacturers are focusing on R&D to come up for new formulations which can change the market landscape of cosmeceutical products. Growing demand for natural ingredient based cosmeceutical products are booming in the market. Advancement in technology acts as a primary driver for manufacturers. Extraction of ingredients are performed through traditional and avant-grade technological extraction however majority of manufacturers use modern avant-grade technological process as preferred method of cosmeceutical extraction.

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Women Intimate Care Products Market Important Changes in Industry Dynamics during 2020-2030

Women intimate care products are steering into the beauty realm, transitioning from their traditional health and hygiene positioning. Future Market Insights (FMI) in its new publication has predicted the global women intimate care products market to surpass US$ 37 Bn by 2030.

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Therefore in order to strengthen their foothold in the market most companies are seeking certifications from international organizations such as the the USDA, the ICEA, the Soil Association, the BDiH, CosmeBio, Ecocert among others.

“Sales representative of key companies are interacting with doctors and are engaged in educating women about the necessity of intimate care products for personal hygiene. Thus, prescription-based hygiene products are significantly gaining popularity among customers,” said a lead analyst at FMI.

Since better access to information has rendered consumers conscientious, there is immense focus on launching plant-based and organic intimate care products. Spurred by these factors, FMI predicts the women intimate care products market to rise at a CAGR of 4% between 2020 and 2030.

Innovative Designs and Higher Acceptance are Boosting Liner Sales in Intimate Care Products Market
With increasing awareness about menstrual and personal hygiene, the women intimate care products market is witnessing higher demand for liners. FMI foresees the sales uptick to continue in response to the rising population of working women.

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How Growth will Unfold
The offline segment is estimated to account for a high value share in the women intimate care market. This segment is expected to remain dominant in the global women intimate care market during the forecast period, as companies want fact-to-face interaction with the customers to connect with them in a friendly manner. This will help companies to create a loyalty among customers which is not possible to achieve through online sales channel.

The global women intimate care market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product:
Intimate Washes
Liners
Oils
Masks
Moisturizers & Creams
Hair Removal
Razors

User;
Women With Child
Women Without Child

Women’s inclination towards trying novel and more sustainable products while discarding their conventional counterparts has spurred innovations in liners. Besides launching biodegradable versions, manufacturers are innovating liners in different shapes and sizes with portability options, reveals the report.

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Key Takeaways from the Women Intimate Care Products Market Study
East Asia is forecast to exhibit above global average growth rate. Rising awareness about the importance of maintaining hygiene among women, steered by government initiatives is enabling growth in this region
Hair removal segment is estimated to dominate the women intimate care products market among product types with at least 700 bps higher than the next important category
Intimate hair washes segment is expected to witness 2 times higher growth than other product types
Sales via online sales channel is expected to continue demonstrating impressive growth. FMI projects online sales to rise at nearly 5% CAGR between 2020 and 2030

Educational Tourism Market is expected to surpass of US$ 1,947.0 Bn at a robust CAGR of over 17.2% through 2031

According to a recent report by Future Market Insights (FMI), the educational tourism market is expected to surpass a valuation of US$ 1,947.0 Bn at a robust CAGR of over 17.2% through 2031.

Governments around the world have played an important role in modernizing the education system by developing smart learning programs and aligning the education curricula with global teaching standards.

The as artificial intelligence (AI), machine learning, virtual reality (VR), augmented reality (AR), etc. has led to the adoption of more efficient methods of teaching and in turn delivering an enhanced quality of education.

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Governments have adopted several initiatives to support the integration of technology into the education system. For example, the UAE has initiated an Innovation Hub by Oracle in Dubai, allowing students to pitch ideas for developing technological changes.

Meanwhile, the UAE government has allocated funds towards ICT development and establishment of 122 innovation libraries in schools with Arabic representation in technology in order to encourage and promote education among Arabic-speaking students.

The main objective for integrating new technologies into the educational system is to enable students to adapt to the ever-evolving dynamics of various industries. Moreover, regional governments are focusing on creating an ecosystem led by innovation and a knowledge based economy.

Therefore, the adoption of these technologies into the education system remains a top priority for government authorities.

Key Takeaways from the Educational Tourism Market Study

India, the U.S., the U.K., France, and Japan among others are the most popular destinations for educational tourism.
The U.S., the U.K., China, and Australia among others are top-visited countries in the world for educational tourism and are becoming an education hub for international students.
In terms of course type, master degree will be the most preferred type among consumers, contributing over 71% of global market share
Students are the primary end-users, enabling the global educational tourism market growth and are expected to generate over 39% of revenue during the forecast period
Global travel companies are anticipating high growth in the educational tourism sector. Though nascent in certain areas of the world, many travel companies are conducting educational tours, thereby promoting the importance of education and contributing to the growth of the educational tourism sector.
The concept of informal learning is more appreciated than formal learning, i.e., “education with travel”. Further, the thirst for knowledge has also increased thereby encouraging people to travel across the globe to gain knowledge of different concepts and technologies that they had studied earlier.

“Given the ever-growing demand for higher education and to bring to the attention of the local authorities to the implementation of the national strategy for international cooperation, international student recruitment has become a priority. Implementation of various policies and measures to help recruitment of a higher number of international students will therefore present highly lucrative growth opportunities for the market,” says an FMI analyst.

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Impact of Covid-19 & 2020 Market Analysis

Educational tourism has been one of the most affected industries from the very beginning of the outbreak of the coronavirus, with airlines on the ground, the suspension of outgoing and incoming flights, nationwide lockdowns, hotels closing and travel controls enforced.

In the FQ-20, the pandemic limited the arrival of international visitors to a fraction of what they were one year before. Countries all over the world imposed travel restrictions to limit the spread of the coronavirus, which broadly affected the overall tourism industry.

Additionally, The Director-General and CEO of IATA reported that financially, 2020 was the worst year in aviation history. On average, US$ 230.0 Mn has been added to business losses on each day of this year, contributing to a net loss of US$ 84.3 Bn dollars.

In 2020, with the extreme effects of the Covid-19 pandemic, in contrast to 2019 estimates, foreign tourism decreased by 22% in Q1 and by 65% in the first half of 2020, which directly impacted the educational tourism industry.

Who is Winning?

Players in educational tourism market adopts a virtual and online approach to connect with potential people. For instance, key players such as GVI Company, EF Educational Tours, and M.K.H Consultancy Services, among others provides virtual internship program and online classes. This approach helps the players to attract more customers.

Few key players in the educational tourism market are Meridean Overseas, GVI Company, Global Volunteers, Capital Tours, Inc., EF Educational Tours, Road Scholar, AAI Edutourz, ACIS Educational Tours, GoIreland, Qadri International Education Consultancy, Intelligent Partners, Futures Abroad, ProEd DMCC, Education Resources Network (ERN), Education Zone, Fact, IQ Education Consultants, M.K.H Consultancy Services, and Stratix Consultants among others.

Market by Category

By Age Group (% of Demand):

Less Than 12 Years
13-18 Years
19-25 Years
26-40 Years
41-55 Years

By Education Type (% of Demand):

Primary
Secondary
College
Post Graduate

By Type of Occupation (% of Demand):

Students
Scholar
Teachers
Government Officials
Corporation Managers
Enterprise Owners
Workers
Others

By Course Type (% of Demand):

Master Degree
Secondary Education
Primary Education

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Scope of Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for Value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered (% of Demand)	Tourism Type, Purpose of Visit, Age Group, Education Type, Type of Occupation, Course Type, and Region
Key Companies Profiled	Meridean Overseas GVI Company Global Volunteers Capital Tours, Inc. EF Educational Tours Road Scholar AAI Edutourz ACIS Educational Tours GoIreland Qadri International Education Consultancy Intelligent Partners Futures Abroad ProEd DMCC Education Resources Network (ERN) Education Zone Fact IQ Education Consultants M.K.H Consultancy Services Stratix Consultants
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Points Covered in the Educational Tourism Market Report

Market estimates and forecast 2016-2031
Key drivers and restraints impacting market growth
Segment-wise, country-wise, and region-wise analysis
Competition mapping and benchmarking
Brand share and market share analysis
Key product innovations and regulatory climate
COVID-19 impact on educational tourism market and how to navigate
Recommendation on key winning strategies

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Special Interest Tourism Market predicting it to reach US$5.61 Bn by the end of 2030 | Wild frontier, Carlson Holdings, Inc., Cox & Kings Ltd., Flight centre Travel Group

The special interest tourism market is poised to surge exponentially in the coming years, with Future Market Insights (FMI) predicting it to reach US$5.61 Bn by the end of 2030. In 2021, the market is likely to rise at a little above 22%, as tourism industry sets on path of recovery with countries gradually reviving from the COVID-19 aftermath.

Surging focus on sustainability will remain chief driver of special interest tourism. An increasing number of rural advocates, government officials, and farmers are enthused about prospects of direct farm marketing. Direct marketing aids in rural development by attracting agricultural tourists.

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Recreational activities such as pick your own food, cut-your-own Christmas trees, and others are organized under this concept, facilitating special interest tourism growth around the world. Agritourism is thriving across the world since it offers unique opportunities for combining aspects of agriculture and tourism industry, offer a plethora of educational, financial, and social benefits to tourists and communities, alike.

Expansion of agritourism is presenting lucrative opportunities for special interest tourism growth. Ranch stays across the U.S. and farm stays in India are popular example for this. Besides this, the rising focus on sustainably travelling will enable growth in the market. With an increasing number of travelers showing keen interest on traveling more responsibly, prospects for special interest tourism growth are expected to soar.

With COVID-19 pandemic exposing vulnerabilities of the tourism industry, focus on sustainable tours and travels is expected to grow. United Nations World Tourism Organization has integrated Sustainable Tourism Goals encouraging adherence to certain standard while promoting tourism. Such initiatives by international organizations will boost special interest tourism market in the coming years.

Some of the key takeaways from FMI’s study on special interest tourism market are:

The expansion of tourism industry in France and U.K. will catapult Europe to fore of special interest tourism market
Activities will remain key purpose motivating travelers to opt for special interest tourism
Environmental activities will remain highly sought-after, while demand for adventure tourism is forecast to rise steadily
Online booking will rise even as conventional methods such as in-person booking remain popular

“Governments around the world are adopting various strategies to revive tourism industry as economies return to normalcy following COVID-19 outbreak. Keen focus on special interest tourism is noted, as governments engage in promoting special activities across tourism destinations,” revealed a lead analyst at FMI.

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Surging Demand for Personalizing Tour Packages

According to Think with Google, nearly 57% of travelers are in favor of personalizing their buying experiences based on their personal preferences, behavior, and past choices. The rising demand for personalization has become a crucial driver of the special interest tourism growth. By offering flexible packages and tailoring them as per traveler’s preferences, travel and tour companies stand a better chance of satisfying them. The rising demand for personalizing travel packages and experiences will aid in the expansion of the market in the coming years.

Driven by changing consumer preferences, prominent trip advisors and planners such as Travel Triangle and others are offering facilities for personalizing travel experiences. This is expected to bode well for the global market.

Who is winning?

The report identifies some of the leading companies operating in the market. To gain edge amid surging competition, market players are focusing on designing unique packages. For instance, Martin Randall Travel Ltd. offers competitively-priced trips across U.K. and Europe. Meanwhile, Audley Travel Group Ltd., supports several social and environmental charities and projects across the world. In January 2020, it was also granted the Travelife Partner aware as a recognition of its efforts towards improving corporate social responsibility and sustainability.

Some of the other leading players in the market are Wild frontier, Carlson Holdings, Inc., Cox & Kings Ltd., Flight centre Travel Group, National Geographic Partners, LLC., EF Educational Tours, and Booking Holdings, Inc., among others.

Key Segments

Purpose

Activity
Educational
Discovery
Hobbies
Challenge
Relaxation
Health & Therapy
Day Tours

Activity

Environmental
- Ecotourism
- Nature-based tourism
- Wildlife tourism
- Others
Adventure
- Backpacking
- Mountaineering
- Whitewater
- Rafting
- Bicycling
- Others
Sport
- Golf
- Tennis
- Sailing
- Soccer
- Cycling
- Kayaking
- Scuba Diving
- Others

Booking Channel

Phone Booking
Online Booking
In Person Booking

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Report Scope

Attribute	Details
Forecast Period	2020-2030
Historical Data Available for	2015-2019
Market Analysis	USD Million for value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Poland, BENELUX, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, South Africa
Key Segments Covered	By Activity, By Purpose and Region
Key Companies Profiled	Martin Randall Travel Limited, Audley Travel, Trafalgar, Wild frontier, Carlson Holdings, Inc., Cox & Kings Ltd., Flight centre Travel Group, National Geographic Partners, LLC., EF Educational Tours, and Booking Holdings, Inc., among others
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

About Future Market Insights (FMI)

Medical Tourism Market to exhibit 12.3% CAGR Between 2020 – 2030, as the number of medical tourists is expected to rise at 11% over the same period

According to a new study by Future Market Insights (FMI), the medical tourism market is set to grow at 12% CAGR in 2021. While healthcare efforts remained focused on managing the COVID-19 crisis, reversing growth projections to an extent for 2020, with the situation stabilizing, treatment of life-threatening diseases and chronic ailments will begin gaining traction 2021 onwards.

Between 2020 and 2030, the market is forecast to exhibit 12.3% CAGR, as the number of medical tourists is expected to rise at 11% over the same period. Factors such as increasing healthcare costs in the West, increasing incidence of chronic ailments, and surging demand for various cosmetic procedures have been resulting in the soaring medical tourism.

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Availability of cheaper treatment options abroad without compromising on the overall standard and quality of healthcare services is the chief driver of medical tourism in the East. The field contributes significantly to the generation of revenue across developing economies, which has been motivating government aids.

Besides this various government and non-government machineries are contributing towards campaigns to encourage medical tourism. Their efforts are indicative of opportunities existing in the field. For instance, the Tourism Authority of Thailand has launched a very effective e-campaign a couple of years back to assert the country’s position in the global medical tourism landscape. Besides this, various campaigns are launched in India to promote yoga and spiritual centers within the country.

key takeaways :

The U.S. is expected to lead in terms of healthcare travel spending, however, in the coming years China’s spending is forecast to surge considerably
Among services offered under medical tourism, therapeutic services are highly sought-after. Wellness services too are gaining traction as an increasing number of medical tourists are seeking meditation and wellness retreats
Phone and online booking will remain more preferred modes of booking for medical tourism
Medical tourism is often sought for cancer and cardiovascular treatment. Besides this, cosmetics and bariatric procedures are very popular among medical tourists

“Medical tourism will consistently rise thanks to government aids and launch of various e-campaigns by government and non-government organizations, alike. Efforts taken towards expansion of the healthcare infrastructure will therefore present conducive environment for medical tourism market growth,” said a lead analyst at FMI.

Medical Tourism Shows Resilience amid COVID-19

While the unprecedented COVID-19 outbreak might have caused significant disruptions, recovery is on card, thanks to prompt response by governments around the world. Thailand’s response to the ongoing pandemic, for instance, has won praise from the United Nations, the World Health Organization, and other experts around the world. Thailand has been ranked among the top five countries among 184 in terms of the effectiveness of their battle against the virus.

According to the Thailand Board of Investment, more than 50 applications for investments, worth over US$ 400 million were submitted during the first half of 2020 to introduce a range of novel measures, accelerating investment in the medical sector. Proactive steps taken by government and non-government organizations will enable the medical tourism market sail despite losses incurred during COVID-19.

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Who is winning?

Medical tourism market is expanding at a fast rate. Tier 1 companies such as AsklepiosKlinikenGmbH, Bangkok DusitMedical Services, Fortis Healthcare Limited, Apollo Healthcare, BumrugrandInternational Hospitals, ChristusMughuerza, and others contribute nearly 6% to 17% of revenue generated by the market.

Tier 2 companies operating in the market include Asian Heart Institute, Prince Court Medical Center, ShouldiceHospital, Gleneagles Hospital, ClemenceuMedical Centre, AnadoluMedical Centre, and others. These companies account for the lion’s share of the global market.

Key Segments

Americas

Global Healthcare Connections, Inc.
Christus Muguerza S.A.P.I De CV
Shouldice Hospital

Europe

Asklepios Kliniken GmbH

Asia-Pacific

Fortis Healthcare Ltd
Apollo Hospitals
Gleneagles Hospital
Bumrungrad international Hospital
Bangkok Dusit Medical Services
Asian Heart Institute
Prince Court Medical Center

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Report Scope

Attribute	Details
Forecast Period	2020-2030
Historical Data Available for	2015-2019
Market Analysis	USD Million for value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Poland, BENELUX, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, South Africa
Key Segments Covered	Treatment Type, Service Type, Tourist Type, Age Group, Tour Type, Consumer Orientation, Booking Type, and Region
Key Companies Profiled	Global Healthcare Connections, Inc., Christus Muguerza S.A.P.I De CV, Shouldice Hospital, Asklepios Kliniken GmbH, Fortis Healthcare Ltd, Apollo Hospitals, Gleneagles Hospital, Bumrungrad international Hospital, and others.
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

About Future Market Insights (FMI)

Automotive Light Bars Market was pegged at US$ 664.3 Mn. It is expected to be valued at over US$ 800 Mn at the end of 2019

Automotive Light Bars Market Growth Analysis, Business Demand with growing CAGR of 5% by 2029 | Leading Players like HELLA GmbH & Co. KGaA, OSRAM Licht AG, FEDERAL SIGNAL CORPORATION, Truck-Lite Co., LLC

Automotive light bars are cost-effective vehicle lights that are substantially fitted in commercial vehicles. Automotive light bars, as considered under the scope of the research, have been mainly categorized on the basis of vehicle type, technology, installation, sales channel, and region/country.

Future Market Insights’ study, titled, ‘Automotive Light Bars Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029’, analyses the global automotive light bars market, and offers an in-depth analysis of the concerned market for the upcoming ten years.

In 2014, the global automotive light bars market was pegged at US$ 664.3 Mn. It is expected to be valued at over US$ 800 Mn at the end of 2019. The automotive light bars market is expected to grow at a CAGR of more than 5% during the projected period of 2019-2029, and reach a value of nearly US$ 1,400 Mn by 2029 end.

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Front Installation Applications Continue to Generate Substantial Demand for Automotive Light Bars

Light commercial vehicles (LCVs) are expected to account for over half of the global automotive light bars market, as commercial vehicles run more miles and late nights, thus, visibility and cost-efficiency are important factors. Also, the inclination of long distance commuters towards commercial vehicles is anticipated to strengthen the unit sales of automotive light bars during the forecast period. Technology-wise, HID xenon and LED type automotive light bars will reportedly hold over 25% of the global automotive light bars market share. LED automotive light bars offer powerful illumination that is particularly optimum for off-road applications.

On the basis of installation, the automotive light bars market has been segmented into front, side, rear, and interior. Since automotive light bars are mostly used as headlamps or fog lights, front installation of automotive light bars is anticipated to retain prominence in the global automotive light bars market.

East Asian Markets Emerging Highly Lucrative for Key Players

According to the report, East Asia will account for over a fourth of the market share in the global automotive light bars market owing to the growing vehicle commercial fleet because of increasing export and import activities. In terms of market value share, Europe is expected to be next in the run in the automotive light bars market. By country, China and India are expected to be the emerging countries in the automotive light bars market as a result of enhanced economic conditions, increasing passenger and driver safety regulations, and expanding vehicle fleet.

The automotive industry is highly competitive, owing to the presence of several established players, which makes the automotive light bars market fairly consolidated. Due to the presence of a number of local and regional automotive light bar manufacturers, the automotive industry is exceedingly competitive. The global automotive light bars market is estimated to be considerably fragmented. Manufacturers of automotive light bars are likely to remain focused on R&D investments, particularly in emerging countries such as China and India.

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AUTOMOTIVE LIGHT BARS MARKET TAXONOMY

The global automotive light bars market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Vehicle Type

Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles

By Technology

Halogen
HID
LED

By Sales Channel

OEMs
Aftermarket

By Installation

Front/li>
Side
Rear
Interior

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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Table Of Content

Executive Summary

1.1. Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development

Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features vs. Target Applications

4.3. Strategic Promotional Strategies

Some of the key players active in the global automotive light bars market are HELLA GmbH & Co. KGaA, OSRAM Licht AG, FEDERAL SIGNAL CORPORATION, Truck-Lite Co., LLC, Grote Industries, Inc., Whelen Engineering Company Inc., ECCO SAFETY GROUP, PIAA Corporation, Putco Inc., KC HiLiTES Inc., Whacker Technologies, and Haztec International Ltd, among others.

About Future Market Insights (FMI)

Automotive Display Units Market is predicted to grow at a prominent CAGR of around 8.0% during the forecast period

Future Market Insights (FMI) recently published a new report, titled, ‘Automotive Display Units Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029.” The value of the global automotive display units market was approximately US$ 12 Mn in 2018. The automotive display units market is predicted to grow at a prominent CAGR of around 8.0% during the forecast period. Full digital and navigation display systems will play a vital role in generating market revenue in the automotive display units market, according to FMI’s analysis.

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Head-Up Display Mark an Emerging Trend

In the current market scenario, technological advancements in automotive display units are estimated to become more important due to increasing penetration of navigation display systems, software, and various display technologies in automobiles. Moreover, automakers are focusing on head-up display and navigation systems in their vehicles in order to increase safety features.

Automotive display manufacturers have developed technologies such as TFT LCDs and AMOLEDs, which can be used in low ambient light conditions and enhance the vehicle safety. These technologies offer various advantages such as vehicle safety, high resolution, larger display size, high heat-resistance, and lighter than a liquid crystal display (LCD) feature.

Furthermore, stringent safety rules and regulations in countries such as Germany, the U.S., France, and Italy are compelling automotive manufacturers to raise the safety standards in their vehicles. To improve vehicle safety, automakers are trying to implement digital rear view mirrors and a pillar mirror to reduce the blind spots for vehicles, which is expected to support the demand for TFT, LCD, and AMOLED displays in the automotive display units market.

The growing sales of premium LCVs and HCVs in developed and developing economies are estimated to boost the growth of the automotive display units market. China is expected to be a prominent market in the global automotive display units market over the forecast period in term of volume, owing to the increasing demand for passenger cars from the middle-class population.

Moreover, government initiatives to promote the manufacturing sector in developing countries such as India are expected to further create opportunities in the automotive display units market. These factors are expected to directly impact the growth of the automotive display units market during the assessment period.

China and India to Create Significant Growth Opportunities

This global automotive display units market report observes that, East Asia is estimated to hold a prominent share in the global automotive display units market during the assessment period. Due to increasing vehicle production and rising vehicle safety standards, the demand for automotive display units is increasing across the globe.

China is estimated to hold a significant share in the East Asia Automotive Display Units market, and drive the growth of the region, while growing at a CAGR of nearly 10% in terms of value, between 2019 and 2029. This automotive display units market report studies the concerned markets across various regions, including North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa.

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AUTOMOTIVE DISPLAY UNITS MARKET TAXONOMY

The global automotive display units market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.

By Product

Full Digital Displays
Navigation Displays
HUDs
Digital Side Mirrors
Digital Rear View Mirrors
Rear Seat Displays
Rear Seat Control

By Vehicle Type

Compact
Mid-Size
SUVs
Luxury
LCVs
HCVs

By Display Size

< 5 inch
5-10 Inch
>10 Inch

By Touch Type

With Touch
Without Touch

By View Type

By Technology

TFT LCDs
PMOLEDs
PMLCDs
AMOLEDs

By Screen Format

Standard
Wide

By Sales Channel

OEMs
Aftermarket

By Resolution

Pixel Formats
Pixel Numbers

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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Table Of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Parent Market Overview & Qualitative Analysis
Global Automotive Display Units Market Demand Analysis 2014-2018 and Forecast, 2019-2029

5.1. Historical Market Volume (‘000 Units) Analysis, 2014-2018

5.2. Current and Future Market Volume (Mn Units) Projections, 2019-2029

5.3. Y-o-Y Growth Trend Analysis

Global Automotive Display Units Market: Competitive Landscape

Some of the key players involved in the manufacturing of automotive display units, and included in this study are Robert Bosch GmbH, LG Displays, Panasonic Corporation, Denso Corporation, Magna International Inc., Valeo Sa, Delphi Automotive Plc, Continental Ag, Kyocera Corporation, Japan Display Inc., Au Optronics, and Pioneer Corporation, amongst others.

About Future Market Insights (FMI)